Alphabet Inc. was initially founded as a search engine company in 1998 under the identity Google Inc. Since then, Google has become the world’s most popular search engine, with an 87 % share of the world-wide lookup market. The company has diversified far beyond search engines of the past 2 decades. It reorganized in 2015 and also created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, in addition to a selection of other businesses. Alphabet is listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A ) and GOOG (Class C).
Alphabet earns revenue through the Google Search engine, YouTube, Google Play, Google Cloud, Chrome browser , and Android mobile operating system. Furthermore, the company renders extensive investments in the Stadia cloud gaming system, Waymo self-driving vehicles, as well as other technology initiatives.
Alphabet competes with companies that will provide internet platforms for connecting people with information and application platforms, digital content, and relevant advertising, enterprise cloud services, and more. Major competitors include Amazon.com Inc. (AMZN), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Facebook Inc. (FB), Alibaba Group Holdings Ltd. (BABA), and others.
Alphabet’s Latest Developments
On October 29, 2020, Google parent Alphabet posted Q3 2020 EPS that beat analysts’ estimates by a broad margin. Both total revenue as well as cloud revenue also surpassed expectations. Net income, revenue, as well as cloud revenue all rose compared to the year ago quarter driven by increased advertising spend. “Total revenues of $46.2 billion in the third quarter mirror broad based growth led by a rise in advertiser invest on Youtube and Search as well as continued strength in Play,” and google Cloud said CFO Ruth Porat.
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